Spend Your Profits on Yourself

End of the Year Tip:

If all went as planned, you've had a profitable year. But that has its own little downside - now you have to pay taxes on the profit. The upside is - you have two more days to invest some of that profit in your business. See if you can advance register for continuing education classes in your field; pre-pay for business development or marketing services; or purchase books, software, or other products that will benefit your practice. Check with your tax consultant about using this year's profit now on building your business for the coming year, instead of giving that profit to the government.